Financial
Distress signals
Property profile

21621 Mtn E Hwy Spanaway, WA 98387

OFF-MARKET
Auto shops
Property ID
US90-3055353
13,485 SF 3.46 ac lot Built 1972
Last sale Dec 2019 · $1,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional Spanaway, WA property offers a unique blend of commercial and industrial space, ideal for a variety of businesses. Situated on a 3.46-acre lot (150,718 sq ft) with a large, level, graveled, and fully fenced yard, this property boasts ample space for contractor yards, tractor/trailer parking, or other outdoor storage needs. The main building, constructed in 1972 and renovated in 1994, comprises 13,485 square feet across two stories, divided into five suites. The property's…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$27k
Tax billed · 2024
Assessed value$1.97M
Assessed land$974k
Assessed improvement$997k
Effective rate1.38%

Value estimate

· Sep 2026
$1.33M
$1.20M – $1.46M
AI approach$1.39M
Submarket $/SF estimate$1.74M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$367/SF
County average, outlier-cleaned · 152 recorded sales of this use type
Observed band · Q1–Q3$173 – $600

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CMUD
JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency15.6
Building Supply12.2
Wholesale Shop11.5

Location

21621 Mtn E Hwy Spanaway, WA 98387-7572
County assessor Recorded deeds · 9 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
8100 Tacoma Mall S, Spanaway, WA 98387 $2,400,000 Dec 2024 10,647 SF
3301 235th E, Spanaway, WA 98387-7046 $38,000 Aug 2022 14,400 SF
3104 234th E, Spanaway, WA 98387-7472 $38,000 Aug 2022 5,600 SF
23403 Mtn E, Spanaway, WA 98387-7415 $30,000 Aug 2021 5,864 SF
18920 Pacific S, Spanaway, WA 98387-8325 $2,395,000 Jul 2021 3,078 SF
2118 216th St E, Spanaway, WA 98387-7545 $675,000 Jan 2019 3,200 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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